Tesla shares surged 5% as CEO Elon Musk plans a shareholder vote on investing in xAI. SpaceX, also Musk-led, is set to invest $2 billion in xAI. Musk supports the investment but leaves the decision to shareholders due to Tesla’s public status. Integration between Tesla and xAI has sparked interest and criticism in the “Muskonomy.”

Analysts see a potential partnership or merger between Tesla and xAI as a way to enhance Tesla’s AI capabilities and resolve Musk’s compensation package dispute. The upcoming shareholder meeting on November 6 will determine the outcome of the xAI proposal and indicate investor confidence in Musk’s vision for the future of artificial intelligence.

Read more at Nasdaq: Tesla To Hold Shareholder Vote On Potential Investment In Musk’s AI Venture XAI